Novo-Nordisk Breaks Above 200-Day Moving Average - Bullish for NVO

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In trading on Monday, shares of Novo-Nordisk AS (Symbol: NVO) crossed above their 200 day moving average of $49.91, changing hands as high as $50.17 per share. Novo-Nordisk AS shares are currently trading up about 2.1% on the day. The chart below shows the one year performance of NVO shares, versus its 200 day moving average: Novo-Nordisk AS 200 Day Moving Average Chart

Looking at the chart above, NVO's low point in its 52 week range is $39.9499 per share, with $58.37 as the 52 week high point - that compares with a last trade of $50.16.

According to the ETF Finder at ETF Channel, NVO makes up 5.07% of the Pharmaceutical ETF (Symbol: PPH) which is trading up by about 0.8% on the day Monday.

Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average ┬╗

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Options
Referenced Symbols: NVO , PPH

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